Trexquant Investment LP Invests $470,000 in i3 Verticals, Inc. (NASDAQ:IIIV)

Trexquant Investment LP bought a new position in shares of i3 Verticals, Inc. (NASDAQ:IIIVFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,200 shares of the company’s stock, valued at approximately $470,000. Trexquant Investment LP owned approximately 0.07% of i3 Verticals as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in i3 Verticals by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock valued at $106,000 after buying an additional 1,345 shares in the last quarter. SG Americas Securities LLC boosted its stake in i3 Verticals by 31.0% in the fourth quarter. SG Americas Securities LLC now owns 7,762 shares of the company’s stock valued at $164,000 after buying an additional 1,836 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in i3 Verticals in the third quarter valued at about $200,000. Campbell & CO Investment Adviser LLC boosted its stake in i3 Verticals by 37.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 16,202 shares of the company’s stock valued at $343,000 after buying an additional 4,421 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new position in i3 Verticals in the fourth quarter valued at about $366,000. 84.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TheStreet upgraded i3 Verticals from a “d+” rating to a “c-” rating in a research report on Monday, March 18th. Morgan Stanley dropped their target price on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. BMO Capital Markets dropped their target price on i3 Verticals from $25.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday, May 13th. KeyCorp increased their target price on i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $28.00 target price on shares of i3 Verticals in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.57.

Check Out Our Latest Stock Analysis on IIIV

i3 Verticals Price Performance

Shares of IIIV opened at $19.48 on Monday. The company has a market capitalization of $652.03 million, a price-to-earnings ratio of 1,948.00 and a beta of 1.56. The business has a 50-day moving average of $21.66 and a 200-day moving average of $20.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.81 and a quick ratio of 0.81. i3 Verticals, Inc. has a 1 year low of $17.54 and a 1 year high of $25.70.

i3 Verticals (NASDAQ:IIIVGet Free Report) last issued its earnings results on Friday, May 10th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $94.54 million during the quarter, compared to the consensus estimate of $96.27 million. i3 Verticals had a return on equity of 8.91% and a net margin of 0.63%. As a group, equities research analysts anticipate that i3 Verticals, Inc. will post 0.91 earnings per share for the current year.

i3 Verticals Profile

(Free Report)

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.

See Also

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Institutional Ownership by Quarter for i3 Verticals (NASDAQ:IIIV)

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